Banks’ deposits fall over Rs500bn in July

By MG News | August 16, 2024 at 03:24 PM GMT+05:00

0:00

August 16, 2024 (MLN): The total deposits held by scheduled banks have decreased by Rs518 billion or 1.7% to Rs30.6 trillion in July 2024 compared to last month, data released by the SBP showed.

On a yearly basis, deposits have moved up by 19.1% compared to Rs25.7tr in July 2023.

Total advances decreased by 0.22% to Rs11.87tr compared to Rs11.9tr from a year ago. On a monthly basis, advances decreased by 4.53% from their value of Rs12.43tr in June 2024.

Advances to Deposit Ratio (ADR) stood at 38.79% showing a decrease of 750 bps on a yearly basis, and a decrease of 116 bps on a monthly basis.

Total Investments of Scheduled Banks stood at Rs30.43tr compared to Rs21.47tr from a year ago and Rs30.17tr from a month ago, showing a YoY increase of 41.75% and a MoM increase of 0.86%.

Investment to Deposit Ratio (IDR) moved up by 1,591 bps to 99.44% compared to July 2023 and increased by 249 bps when compared to a month ago.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	122,246.64 318.30M	5.23% 6079.17
ALLSHR	76,223.89 801.54M	5.11% 3703.45
KSE30	37,283.86 136.97M	5.30% 1876.51
KMI30	181,853.72 159.18M	7.01% 11912.16
KMIALLSHR	52,456.38 479.10M	6.03% 2983.25
BKTi	30,992.45 33.33M	4.22% 1254.08
OGTi	27,593.03 20.61M	6.87% 1772.97

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	105,680.00	106,430.00 103,850.00	2385.00 2.31%
BRENT CRUDE	67.77	70.20 66.82	-3.71 -5.19%
RICHARDS BAY COAL MONTHLY	88.00	0.00 0.00	-3.85 -4.19%
ROTTERDAM COAL MONTHLY	103.45	103.45 103.45	-1.00 -0.96%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	65.00	67.83 64.00	-3.51 -5.12%
SUGAR #11 WORLD	16.33	16.71 16.27	-0.24 -1.45%